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Canadian Dollar Weakens on Q4 Slowdown, Current Account Gap

The Canadian dollar tumbled against some of its major rivals to kick off the new month on Friday. The loonie fell on reports that economic growth slowed in the fourth quarter, and new data that found the nation’s current account deficit widened during the October-to-December period. The buck has had a rough start to 2019, and many analysts anticipate the pain to continue. According to Statistics Canada, the Q4 gross domestic product (GDP) advanced at an annualized […]